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Amazon and HarperCollins Reach Multi-Year Publishing Deal

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This story originally appeared on Reuters

E-commerce company .com Inc and publisher HarperCollins have reached a new multi-year deal that covers both print and digital titles, The reported, citing HarperCollins.

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The deal calls for HarperCollins, owned by News Corp, to set the retail prices of its , with incentives for HarperCollins to provide lower prices to consumers, the Journal said, citing a person familiar with the matter.

Financial terms were not reported. The agreement is expected to go into effect this week, the Journal said.

"HarperCollins has reached an agreement with Amazon. Our books will continue to be available on the Amazon print and digital platforms," a HarperCollins spokeswoman said in a statement, the Journal reported.

In November, Amazon reached a multi-year agreement with Hachette Book Group for e-book and print after months of bitter fighting that pitted writers and publishers against Amazon.

Hachette is a unit of 's Lagardere SCA and the fourth-largest U.S. book publisher.

HarperCollins and Amazon were not available to comment.

(Reporting by Sneha Banerjee and Sai Sachin R in Bengaluru; Editing by Leslie Adler)

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